×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

U.S., Europe in bank turbulence, triggering fears globally

"Unfortunately, I have a feeling that what the government has done so far has not quite worked. I am afraid more will need to happen," said Peter Cohan, associate professor of Management Practice at Babson College, a private business school in Massachusetts.

* Rating agency Moody's has downgraded its outlook on the entire U.S. banking system from stable to negative, citing "rapidly deteriorating operating environment" in the wake of SVB collapse.

Get Full Access for Ksh299/Week
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
Football
Focus on relegation battle in SPL
By Ben Ahenda 11 hrs ago
Boxing
Kasarani and Thailand rule Nairobi event
Sports
Is KVF embroiled in a serious leadership crisis?
Sports
Will Kenya become the first African country to host World Championships?